Tuesday 31 October 2017

Samsung posts another record-breaking quarter, announces change in leadership


Samsung Electronics has been having a hell of a year, mostly in the good sense of the word. Sure, its vice chairman and heir apparent was sentenced to five years in prison in a massive corruption scandal which also resulted in the impeachment of Korea's president, but hey — it also made a ton of cash.

And if the company's record second quarter operating income of $12.7 billion wasn't impressive enough on its own, its Q3 2017 profits have actually managed to surpass that number, though the difference is a relatively slim $200 million.

But ...

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